futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:

We are here to help. Just let us know what you need.

We work extremely hard to keep things positive in our community.

We do not tolerate rude behavior, trolling, or vendors advertising in posts.

We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.

We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple.

price action is universal... is then CFD on S&P500 okay as instrument?

Al suggests beginners to consider SPY ETF, because one can practice trading with position size as small as necessary.
I wonder if a CFD from my NDD broker would also be ok for this purpose. They claim to offer an average spread of 0.4 points during market hours.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

To put my question in a context. I'm starting very small, so futures are currently out of my reach. Forex is perfectly (down-)scalable but offers fewer good setups during the day, according to Al. And his "you should consider trading SPY, the S&P 500 ETF ... There are usually about 3 - 6 of them a day and all you really need to do is catch about one a day" sounds promising for learning phase.

In a hope to steer this thread back to the technical side, have a good coming week, everybody...

If someone comes here to teach, that beautiful. We all can learn something from someone.

If someone comes here to teach and claims to be doing what he preaches and making a living from it, he should be vetted before doing any presentation.
If not, it may be misleading new traders since by BM let him do it here its like giving a thumb up for the vendor re his credentials and if not verified, may be a try to lure beginners to his room with false claims.

If someone comes here to teach, that beautiful. We all can learn something from someone.

If someone comes here to teach and claims to be doing what he preaches and making a living from it, he should be vetted before doing any presentation.
If not, it may be misleading new traders since by BM let him do it here its like giving a thumb up for the vendor re his credentials and if not verified, may be a try to lure beginners to his room with false claims.

You are very outspoken against Al in this thread, but have not laid out a case of why he is a fraud. Would you mind expanding on your view? Is it because he does not provide brokerage statements? If that is the case, why does it matter so much to you? You seem to be wasting more time making contentless posts bashing someone who you feel is a fraud than trying to improve fellow BMT traders who you are trying to stand up for.

You are very outspoken against Al in this thread, but have not laid out a case of why he is a fraud. Would you mind expanding on your view? Is it because he does not provide brokerage statements? If that is the case, why does it matter so much to you? You seem to be wasting more time making contentless posts bashing someone who you feel is a fraud than trying to improve fellow BMT traders who you are trying to stand up for.

I have plenty of posts in this thread concerning my views on this.

And it matters so much to me because this industry is rife with frauds taking people's money. Maybe you haven't been screwed as many times as I have and others that have been trading for years have. He's claiming to be a profitable trader. Then there is no problem proving it if you are. Instead lame excuses about audits, etc, if he does which are totally false. Put up or shut up if you're gonna claim to be a profitable trader. And so far he has refused. That speaks for itself.

You are very outspoken against Al in this thread, but have not laid out a case of why he is a fraud. Would you mind expanding on your view? Is it because he does not provide brokerage statements? If that is the case, why does it matter so much to you? You seem to be wasting more time making contentless posts bashing someone who you feel is a fraud than trying to improve fellow BMT traders who you are trying to stand up for.

dayman,

No one say he is a fraud or not. You will let me teach you to drive a truck without make sure u see me driving it??

Just read what I said above:

"If someone comes here to teach, that beautiful. We all can learn something from someone.

If someone comes here to teach and claims to be doing what he preaches and making a living from it, he should be vetted before doing any presentation.
If not, it may be misleading new traders since by BM let him do it here its like giving a thumb up for the vendor re his credentials and if not verified, may be a try to lure beginners to his room with false claims.

No one say he is a fraud or not. You will let me teach you to drive a truck without make sure u see me driving it??

Just read what I said above:

"If someone comes here to teach, that beautiful. We all can learn something from someone.

If someone comes here to teach and claims to be doing what he preaches and making a living from it, he should be vetted before doing any presentation.
If not, it may be misleading new traders since by BM let him do it here its like giving a thumb up for the vendor re his credentials and if not verified, may be a try to lure beginners to his room with false claims.

For the last time, you can disagree with his (Al's) trading process, his teaching philosophy, or BMT's vetting process for educators. I have never spoken with Mike or have any affiliation with futures.io or Al Brooks, but I imagine Mike does his best job of vetting educators to bring the most unbiased educational material to futures.io to help fellow traders. That is why I am an "elite" member of this website. I don't appreciate posters who accuse educators of fraud without having any proof. Al has not sold you on any promises of any riches. He is providing his approach to the market. Take it or leave it.

For the last time, you can disagree with his (Al's) trading process, his teaching philosophy, or BMT's vetting process for educators. I have never spoken with Mike or have any affiliation with futures.io or Al Brooks, but I imagine Mike does his best job of vetting educators to bring the most unbiased educational material to futures.io to help fellow traders. That is why I am an "elite" member of this website. I don't appreciate posters who accuse educators of fraud without having any proof. Al has not sold you on any promises of any riches. He is providing his approach to the market. Take it or leave it.

This really isn't a shot at you, but "Futures Experience: Beginner" says all I need to go. Give it a few years and you'll know what I'm talking about. We all have to learn the hard way.